SCHEDULES

SCHEDULE 5 U.K. Tax treatment of financing costs and income

3 U.K. In section 276 (disallowance of deductions: appointment of authorised company for relevant period of account), after subsection (2) insert—

“(2A) In subsection (2), the reference to each company to which this Chapter applies does not include a company that is a dormant company throughout the relevant period of account.”